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Whale Sells 5,299.5 ETH, $11.8M Realized Profit — Monitor for Follow-Up

I noticed an on-chain address sold 5,299.5 ETH at an average price of $4,453, realizing roughly $11.84 million in profit.

This looks like classic profit-taking by a large holder and could create short-term selling pressure, but a single sale doesn't necessarily signal a trend reversal for Ethereum.

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Analysis

The transaction is sizable and represents profit-taking by a large holder; this can increase short-term supply on the market. Unless accompanied by rising exchange inflows or multiple similar sales, i...

Recommendation

Watch subsequent on-chain activity and exchange balances before acting. Avoid jumping to trades based on this single sale; consider waiting for confirming signs (multiple large sells or sustained infl...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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